Economic Trends

PHL 266

Economic Trends

market and capitalism are sometimes referred to interchangeable; however, they are different by the true meaning. market is based more on the exchange of wealth by utilizing several different methods versus capitalism is more structured to produce and create wealth were on can be more successful than another. In this paper, the writer will discuss free market by providing an historical overview and identifying trends in this area. In addition, discuss possible challenges presented by several of the trends and critique potential solutions to the identified challenges.

History and Trends of a Market Economy

A free market is one that is not regulated by government, but rather driven by demand and supply. The free market theory...